Reuters UK Business

By Gianluca Lo Nostro (Reuters) – Shares in Franco-British satellite operator Eutelsat pulled back on Friday after soaring nearly 500% this week on the prospect of potentially replacing Starlink in Ukraine. By 0855 GMT, Eutelsat’s shares were down 16.6% at 5.77 euros, after rallying 477% this week as of Thursday’s close. Analysts suggested retail traders …

Eutelsat shares slip as investors pause rally on Ukraine prospects Read More »

SINGAPORE (Reuters) – Shell has begun production at Phase 4 of its Sabah deepwater oil project in Malaysian and Bruneian waters, it said on Friday. The Gumusut-Kakap-Geronggong-Jagus East (GKGJE) project is part of Shell’s efforts to revive oil and gas production in Malaysia and the Kimanis crude grade in particular. Phase 4 of the project …

Shell’s Sabah deepwater oil project begins phase 4 production Read More »

FRANKFURT (Reuters) – The euro zone economy grew faster in the final quarter of 2024 than first estimated but nearly all of the revision is due to Ireland, where a large multinational sector often distorts data, figures from Eurostat showed on Friday. GDP in the 20 nations sharing the euro currency grew by 0.2% on …

Euro zone economy grew faster than initially thought in Q4 Read More »

ROME (Reuters) – Italy’s co-ruling League party is pushing Rome to pick U.S. company Starlink over French-led operator Eutelsat in talks to obtain systems for secure satellite communications, saying Starlink’s technology is more advanced. Prime Minister Giorgia Meloni’s government aims to guarantee encrypted communications between the government, diplomats and defence officials operating in risky areas. …

Italy’s co-ruling League takes aim at Eutelsat, says Starlink better Read More »

PARIS (Reuters) – Airbus deliveries for January and February fell 18% year on year to 65 aircraft, the planemaker said on Friday. Airbus has warned about relatively weak deliveries in the first quarter after supplies from engine maker CFM were pulled forward to the fourth quarter of last year to help Airbus to broadly reach …

Airbus deliveries down 18% in first two months of the year Read More »

FRANKFURT (Reuters) – Volkswagen and Porsche CEO Oliver Blume said his dual role at the helm of both companies was not meant to last forever but was necessary to complete the restructuring underway at the brand and wider group, WirtschaftsWoche magazine reported on Friday. Porsche replaced its CFO and sales chief late last month, after …

Porsche and Volkswagen CEO to keep dual role until restructuring complete, WirtschaftsWoche reports Read More »